Velocity Vehicle Group (VVG) is pleased to announce that the company has acquired Great West Truck Center in Kingman, Arizona. This will extend VVG’s reach to the intersection of interstates 40 and 93, positioned midway between VVG’s other locations in Flagstaff, Hesperia and Las Vegas, giving seamless service to VVG’s customers in the Southwest.
Velocity Truck Centers (VTC), the leading group of commercial vehicle dealerships in the Southwest, is pleased to announce that the company has expanded into the Southeast with the acquisition of Neely Coble Company, Inc. This acquisition extends VTC’s reach from California, Arizona, Hawaii and Nevada into central Tennessee, northern Alabama and southern Kentucky. Neely Coble’s primary locations sell and service the Freightliner, Western Star and Isuzu brands from locations in the Nashville, TN, Huntsville/Decatur AL, and Bowling Green KY metropolitan areas.
Crossroads Equipment Lease and Finance, LLC recently priced its US$163MM ABS debut backed by commercial truck loans to solid demand, reducing its cost of borrowing and enabling expanded funding options. Crossroads closed the equipment securitization on February 3, 2021 through Crossroads Asset Trust 2021-A.
Crossroads Equipment Lease and Finance is excited to announce the addition of commercial trucking insurance to its offering. Crossroads will offer its customers an array of coverage options including: Commercial Auto Liability, Commercial Physical Damage, Cargo, and Non-Trucking Liability.
Crossroads Equipment Lease and Finance is pleased to announce and welcome Michael Jones as its new Chief Financial Officer.
Velocity Truck Centers (VTC), the leading group of commercial vehicle dealerships in the Southwest, is pleased to announce that the company has acquired Central California Truck and Trailer Sales, Inc. (CCTTS), the leading independent used-truck and new/used trailer retailer in California.
On Thursday, the California Air Resources Board (CARB) adopted the 2019-2020 Fiscal Year Funding Plan for Clean Transportation Incentives. The Funding Plan serves as the blueprint for expending the Clean Transportation Incentives funds appropriated to CARB in the State budget.
Total Transportation Systems, Inc. rolls 40 new near-zero emission trucks into port service with financing through Crossroads
More than 100,000 trucks stand to lose registration in 2020
National Transportation Lender Expands Customer Service and Syndication Teams
Suzann Fakhoury, Credit Manager at Crossroads Equipment Lease and Finance, recently passed the CLFP exam, given by the Certified Lease & Finance Professional (CLFP) Foundation.
Jim Kachidurian has been named Executive Vice President – Business Development Reporting to Howard Shiebler, President of Crossroads.